Brown v. Wilmington abnd Brandywine Leather Co.
Court of Chancery of Delaware
Bill in Equity. The bill alleges that on August 31 st, 1907, the Wilmington and Brandywine Leather Company assigned all of its manufactured stock, book accounts and bills receivable to William T. Lynam, as trustee, to sell and collect and distribute the proceeds thereof among “such creditors of the said company as shall become parties hereto, by signing this Agreement.”
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Bill in Equity. The bill alleges that on August 31 st, 1907, the Wilmington and Brandywine Leather Company assigned all of its manufactured stock, book accounts and bills receivable to William T. Lynam, as trustee, to sell and collect and distribute the proceeds thereof among “such creditors of the said company as shall become parties hereto, by signing this Agreement.” On September 14th, 1907, and before all of the creditors who became parties to this agreement had executed it, the company by another instrument assigned all of its real estate and machinery to Lynam, for the purpose of…
1Opinion of the Court
The Chief Justice :
The bill of complaint in this case, ' to which demurrers have been filed by the several defendants, seeks to have transferred from the custody of William T. Lynam, Trustee, to the custody of William T. Lynam,. receiver of Wilmington & Brandywine Leather Company, certain assets held by the said Lynam as trustee for the benefit of certain ■ creditors of the leather company, in order that such segregated assets may, with other assets already in the hands of the receiver, be administered generally as receivership estate for all the creditors. To accomplish this purpose the bill…
2Cases cited1 opinion
- Wharton v. ClementsCourt of Chancery of Delaware · 1868
3Cited by8 opinions
- State v. FooteSupreme Court of Delaware · 1933
- Pike v. SatterthwaiteSuperior Court of Delaware · 1940
- State v. Bethlehem Steel CorporationSuperior Court of Delaware · 1936
- In Re CainSuperior Court of Delaware · 1954
- Sussex Trust Co. v. BaconCourt of Chancery of Delaware · 1917
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